NIFTYINDIADEFENCE · NSE
Nifty India Defence
Index · View only — not on the trading terminal
₹9,351.7
+0.86% (+₹79.8)
Prev. close
₹9,271.9
Volume
3,29,06,079
As of
18 Sept 2026
Price history
Antique Stock Broking Analysis · Antique Stock Broking · 06 Jul 2026
“Maintains 'Buy' ratings on Mazagon Dock Shipbuilders, HAL, Bharat Electronics, Bharat Dynamics, Zen Technologies, Solar Industries, and PTC Industries, identifying them as potential beneficiaries of the latest ₹52,000 crore DAC approvals. The brokerage sees strong growth opportunities for defence companies in the foreseeable future, supported by project approvals worth ₹12.5 lakh crore in FY24-26.”
Published mid-session at 09:57 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
9 analyst stances · last 90 days · one per analyst
Trackable
3 · 3 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
6 · 6 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Positive on the defence sector following the DAC's approval of ₹1.1 lakh crore worth of AoN proposals for the Army, Navy…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Nifty India Defence | PENDING | ||||
| “Bullish on Bharat Dynamics Futures for the near-term, recommending a buy in the ₹1,400-1,410 range with targets of ₹1,48…” | Jay ThakkarICICI Securities | Nifty India Defence | NOT GRADED | ||||
| “Maintains 'Buy' ratings on Mazagon Dock Shipbuilders, HAL, Bharat Electronics, Bharat Dynamics, Zen Technologies, Solar …” | Antique Stock Broking AnalysisAntique Stock Broking | Defence Sector | PENDING | ||||
“Maintains 'Buy' ratings on Mazagon Dock Shipbuilders, HAL, Bharat Electronics, Bharat Dynamics, Zen Technologies, Solar Industries, and PTC Industries, identifying them as potential beneficiaries of the latest ₹52,000 crore DAC approvals. The brokerage sees strong growth opportunities for defence companies in the foreseeable future, supported by project approvals worth ₹12.5 lakh crore in FY24-26.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
Market commentary · 6 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on the Indian defence sector, expecting multi-year growth driven by higher government spending, greater domestic…” | HSBC AnalysisHSBC | Nifty India Defence | PENDING | |
| “Bullish on the defence sector, maintaining a positive stance. This conviction is likely based on strong government suppo…” | Mayuresh JoshiMarketsmith India | Nifty India Defence | PENDING | |
| “Bullish on the Nifty India Defence index in the near term, expecting continued outperformance relative to the benchmark.…” | Sudeep ShahSBI Securities | Nifty India Defence | PENDING | |
| “Bullish on the domestic defence manufacturing sector, as the ₹1.10 lakh crore acquisition proposals provide significant …” | Ajit MishraReligare Broking | Nifty India Defence | PENDING | |
| “Maintains a bullish stance on the defence sector, citing an improved Indian outlook and structural tailwinds. The firm b…” | Goldman Sachs AnalysisGoldman Sachs Group Inc. | Defence | NOT GRADED | |
| “Bullish on India's defence sector, viewing the ₹52,000 crore DAC approval as reinforcing a structural growth cycle, not …” | Choice Institutional Equities AnalysisChoice Institutional Equities | Defence Sector | PENDING |
Index metrics
As of 20 Sept, 07:29 IST
Open
9,311.3
Day High
9,436.35
Day Low
9,305.7
Prev. Close
9,271.9
52W High
10,067.2
52W Low
7,184.9
P/E
56.44
P/B
10.81
Div. Yield
0.51%
Member stocks today
How many of this index's member stocks rose or fell today — a broad move and a few-heavyweights move look very different here.
15
Rose
4
Fell
0
Flat
Composition
19 stocks · 15 advanced · 4 declined
Member stocks, ranked by index weight — heaviest first.
Top weight: BEL · 30.7% (free-float mcap share, estimate — not NSE’s published weight)
BEL
Bharat Electronics Ltd. · Capital Goods
30.7%
₹393.3
-0.54%
HAL
Hindustan Aeronautics Ltd. · Capital Goods
19.8%
₹4,800.3
+0.26%
BHARATFORG
Bharat Forge Ltd. · Automobile and Auto Components
11.4%
₹1,962.1
+2.26%
SOLARINDS
Solar Industries India Ltd. · Chemicals
9.8%
₹18,555
-1.38%
MAZDOCK
Mazagoan Dock Shipbuilders Ltd. · Capital Goods
3.8%
₹2,280
+3.17%
MTARTECH
MTAR Technologies Ltd. · Capital Goods
3.4%
₹7,777
-4.25%
ASTRAMICRO
Astra Microwave Products Ltd. · Capital Goods
3.0%
₹1,631.2
+1.46%
DATAPATTNS
Data Patterns (India) Ltd. · Capital Goods
3.0%
₹4,513.3
+2.32%
COCHINSHIP
Cochin Shipyard Ltd. · Capital Goods
2.6%
₹1,398
+4.77%
BDL
Bharat Dynamics Ltd. · Capital Goods
2.4%
₹1,196.6
+3.88%
BEML
BEML Ltd. · Capital Goods
1.8%
₹2,135
+6.04%
ZENTEC
Zen Technologies Ltd. · Capital Goods
1.7%
₹1,687.4
+0.34%
GRSE
Garden Reach Shipbuilders & Engineers Ltd. · Capital Goods
1.5%
₹2,411.8
+3.08%
APOLLO
Apollo Micro Systems Ltd. · Capital Goods
1.4%
₹370.7
-2.00%
PARAS
Paras Defence and Space Technologies Ltd. · Capital Goods
1.1%
₹1,372.7
+0.13%
DYNAMATECH
Dynamatic Technologies Ltd. · Capital Goods
1.0%
₹12,061
+2.05%
AXISCADES
AXISCADES Technologies Ltd. · Capital Goods
0.7%
₹1,811.2
-2.22%
AEQUS
Aequs Ltd. · Capital Goods
0.6%
₹231.67
+1.02%
MIDHANI
Mishra Dhatu Nigam Ltd. · Capital Goods
0.4%
₹417.3
+2.32%
ETFs tracking this index
2 funds
Index levels are informational only, not investment advice.
Talbros, Bharat Dynamics 9 Other Stocks That Will Trade Ex-Dividend Next Week
Bharat Dynamics Ltd, a defense public sector company, has declared a final dividend of Rs. 0.40 per share. The stock will trade ex-dividend on September 21, 2026. This dividend represents 8% of the company's face value of Rs. 5 per share.
Bharat Electronics stock gains fresh defence orders as margins stay in focus
Bharat Electronics Ltd. secured new defense orders worth INR 648 crore for various electronic systems, adding to its substantial order book. The company reported a 25.3% year-on-year revenue increase in Q1 FY27, but profit growth was slower at 8.2% due to tighter margins from higher material costs. Analysts maintain "Buy" ratings with target prices around INR 500-530.
Mishra Dhatu Nigam Limited (NSE:MIDHANI) Will Pay A ₹1.25 Dividend In Three Days
simplywall.st · 22 hours ago
Solar Industries To Acquire South Africa’s Omnia Holdings For Rs 12,951 Cr
Solar Industries India will acquire South Africa's Omnia Holdings for approximately Rs 12,951 crore in an all-cash deal. This acquisition aims to expand Solar Industries' global footprint in commercial explosives and blasting solutions. The transaction is expected to close by mid-2027, pending regulatory approvals.
Cochin Shipyard Growth Strategy: Ship Repair Expansion, Defence Orders and Future Pipeline
Kalkine India · 2 days ago
Mazagon Dock Shipbuilders to invest Rs 15,000 crore in Andhra shipyard
The Economic Times · 2 days ago
HAL wraps up original Tejas order; CMD Ravi K says Mk-1A issues to be resolved soon, stock up nearly 2%
Moneycontrol.com · 2 days ago
Cochin Shipyard: Releases Investor Call Transcript on FY27 Performance & Joint Ventures
Cochin Shipyard Limited released its investor call transcript detailing FY27 Q1 performance, including a turnover of INR 1,094.21 crores and PAT of INR 151.45 crores. The company also discussed a proposed 50:50 joint venture with Drydocks World, Dubai, for an International Ship Repair Facility. Strategic initiatives and an unexecuted order book of INR 22,000 crores were also highlighted.
Bharat Forge Opening Bell Updates: Share Price Rises 2.94% on New Collaborations
LatestLY · 2 days ago
HAL, BEL, L&T: CLSA sees up to 35% upside driven by Rs 2.19 lk cr defence capex
CLSA initiated coverage on Bharat Electronics (BEL) with an 'Outperform' rating and a target price implying 35.3% upside. The brokerage expects BEL to benefit from increasing electronics content in defence equipment and its leadership in radars, sonars, and electronic warfare systems. Rising defence spending and domestic procurement are key drivers for the sector.
Axiscade Technologies Shares Hit 10% Upper Circuit; Here Are 5 Reasons Behind the Rally
AXISCADES Technologies shares hit a 10% upper circuit due to positive defense sector outlook and increased government spending. The company is shifting focus to aerospace and defense, with a reported defense opportunity pipeline exceeding Rs 24,000 crore. Investor attention also increased ahead of an upcoming analyst meeting.
AXISCADES Technologies Share Price Surges
AXISCADES Technologies Limited's share price surged, trading at ₹1,845.80, significantly above its 50-day SMA. The company reported a consolidated total income of ₹185.86 crore for June 2026, but also a net loss of ₹14.76 crore. Investors are monitoring the stock's momentum and upcoming financial performance.
Apollo Micro Systems share price jumps 3.5% after recent fall | technical experts flag key levels
Apollo Micro Systems shares rose 3.5% on September 17, despite an 8.76% decline over the past week. This jump occurred as the company reported a 43% increase in net profit for Q1 FY27. Technical analysts warn that key support levels may fail to prevent further price drops.
Astra Microwave Products (ASTRAMICRO.NS) Climbs 1.76% to ₹1621.9, Nearing Key Resistance Zone - Earnings Sentiment
siam.in · 3 days ago